Estate Agency : The new way to save?

Thousands of existing homeowners are now dipping their toe into buy-to-lets for the very first time being motivated by the income a second home can generate to bolster their savings and pensions. This is not surprising given the average rental yield is 5.3% (a figure which shows rental profit as a proportion of the value of a property). By contrast, many easy-access savings account currently pay just 0.77 % and even the best cash Isa only 2.3%. Banks and building societies are happy to lend to landlords, who are viewed as less of a risk.

There is a huge demand for rented flats and houses as high property prices and tough deposit requirements mean 1^st-time buyers are struggling to get on the property ladder and are forced to rent for longer. The value of many properties in Edinburgh is now rising at the fastest rate for six years, so this is the ideal time to buy.  We have a variety of properties in all price ranges located in the 'right' areas which would be good for both investment and rental. With our own in-house residential sales and lettings teams plus solicitors, Drummond Miller offers one-stop advice and guidance.

For further information - telephone 0131 229 3399